https://www.taxtmi.com/caselaws?id=426964 An application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules, 2016 sought dissolution of a monitoring committee constituted for the corporate debtor. The resolution applicant supported the request with supplementary affidavits and an undertaking that the committee members had unanimously agreed to dissolution, subject to the Bench's orders, and that future funding and enhancement of authorised share capital would be arranged for business operations. The NCLT allowed the request and dissolved the monitoring committee with effect from the date of the order. en-us Fri, 05 Aug 2022 00:00:00 +0530 Tue, 30 Aug 2022 08:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426964 An application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the NCLT Rules, 2016 sought dissolution of a monitoring committee constituted for the corporate debtor. The resolution applicant supported the request with supplementary affidavits and an undertaking that the committee members had unanimously agreed to dissolution, subject to the Bench's orders, and that future funding and enhancement of authorised share capital would be arranged for business operations. The NCLT allowed the request and dissolved the monitoring committee with effect from the date of the order. Case-Laws Insolvency and Bankruptcy Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426964